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Schlumberger - SLB STOCK NEWS

Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.

Overview of Schlumberger (SLB)

Schlumberger (SLB) is a global oilfield technology and services powerhouse known for its advanced reservoir engineering, drilling technology, and digital solutions. With operations in over 85 countries, the company has established itself as a comprehensive provider across the entire hydrocarbon production chain, from exploration and reservoir characterization to well construction, production enhancement, and integrated pipeline solutions.

Core Operations and Services

At its core, SLB delivers an extensive suite of products and services that address the complex challenges encountered during hydrocarbon recovery. Technology for reservoir characterization is combined with state‐of‐the‐art drilling and integrated production solutions to optimize reservoir performance. By emphasizing precision and efficiency, the company aids oil and gas operators in maximizing extraction while meeting strict operational performance standards.

Technological Innovation and Digital Solutions

SLB is recognized for its commitment to innovation, continuously investing in digital technologies that transform traditional oilfield practices. The integration of digital innovations into field operations enhances data acquisition, real-time monitoring, and predictive analytics, enabling smarter decision-making. This digitalization, when combined with traditional engineering expertise, provides a robust framework for improved reservoir performance and streamlined well construction operations.

Integrated Product and Service Offerings

What sets SLB apart is its ability to offer an integrated suite of services. The company acts as a one‐stop solution provider, seamlessly bridging the gap between exploration, production, and processing. This comprehensive approach includes drilling, well performance management, production optimization, and even the deployment of modular technologies for carbon capture and geothermal applications. SLB Capturi, its pioneering joint venture in carbon capture, embodies this innovative spirit by utilizing modular platforms to deliver scalable, industrial decarbonization solutions.

Global Presence and Competitive Position

Operating in diverse global markets, SLB leverages a multicultural workforce and deep local insights to cater to the varying demands of the oil and gas industry. Its global reach and adaptability enable it to serve a broad spectrum of clients—from national oil companies to independent operators—solidifying its position as a major player in the industry. Strategic partnerships and collaborative projects, like those in decarbonization and geothermal energy, illustrate SLB's capacity to diversify and reinforce its market presence, even as it faces stiff competition from other multinational service firms.

Expertise in Engineering and Resource Optimization

SLB's engineering acumen is notable for its capacity to integrate advanced technologies with robust field practices. The company employs specialized techniques in reservoir performance evaluation, digital simulation, and production enhancement, which contribute to more efficient resource management. Clients benefit from an array of engineered solutions that not only boost productivity but also align with complex operational dynamics inherent in the oil and gas sector.

Industry-Specific Innovations and Collaborative Projects

Beyond traditional services, SLB is at the forefront of integrating cutting-edge innovation with established field expertise. Its collaborative projects in carbon capture and geothermal development showcase a commitment to evolving operational practices through technology. These initiatives reinforce the company’s reputation as an innovator that is adept at translating complex engineering challenges into practical, scalable solutions that resonate across the energy sector.

Conclusion

In summary, Schlumberger (SLB) stands as a cornerstone in the oilfield services industry. Its deep-seated expertise in reservoir engineering, drilling technology, production solutions, and digital integration equips it to meet the evolving needs of global energy operations. With a clear focus on technical innovation and integrated service delivery, SLB continues to shape industry standards while maintaining unbiased, client-focused operational excellence.

Rhea-AI Summary

SLB has signed a long-term strategic collaboration agreement with Equinor ASA and the Subsea Integration Alliance for the Wisting field and Bay Du Nord projects. The agreement focuses on early engagement, technology innovation, and collaborative benefits to unlock more subsea projects economically. This partnership solidifies OneSubsea and Subsea7's positions as trusted contractors to Equinor, with immediate work commencing on concept studies for the projects.

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SLB reported strong first-quarter 2024 results with revenue of $8.71 billion, a 13% year-on-year increase, and net income of $1.07 billion, up 14% year-on-year. The company announced a target to return $7 billion to shareholders over 2024-2025. International revenue grew 18% year-on-year, compensating for a 6% decline in North America. SLB CEO Olivier Le Peuch highlighted revenue growth, EPS increase, and adjusted EBITDA growth of 15%. The company aims to continue its momentum in the coming quarters.
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SLB has been awarded three completion contracts by Petrobras for the development of the Buzios Wave II oilfield, focusing on electric and digital-ready completions. The contracts aim to support Petrobras' move toward production system electrification, enhancing completion reliability and production availability. The technology developed at SLB's Taubaté Engineering Center in Brazil will be utilized in the Buzios field and potentially benefit other operators in Brazilian pre-salt fields.
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SLB to Acquire ChampionX in All-Stock Transaction to Strengthen Production Space Leadership. SLB to Increase Shareholder Returns to $3 Billion in 2024 and $4 Billion in 2025. Annual Synergies of $400 Million Expected within Three Years.
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SLB and Aker Carbon Capture are merging their carbon capture businesses to accelerate industrial decarbonization. SLB will own 80% of the combined entity, aiming to revolutionize carbon capture technology for global markets.
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SLB (NYSE:SLB) will hold a conference call on April 19, 2024, to discuss the first quarter results ending March 31, 2024. The call is set for 9:30 am US Eastern time with a press release at 7:00 am. Access details provided for call and webcast. Replay available until May 19, 2024.
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Nabors Industries Ltd. reported a net loss of $17 million in Q4 2023, compared to a loss of $49 million in Q3. Operating revenues for the full year 2023 were $3.0 billion, a 13% increase from the prior year. Adjusted EBITDA for 2023 was $915 million, a 29% year-on-year growth. The company's segments, including Nabors Drilling Solutions and Rig Technologies, also saw positive growth. The company announced collaborations and business combinations, showing promising future prospects.
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SLB (NYSE: SLB) reaffirms its full-year 2024 financial guidance despite Saudi Aramco's decision to maintain Maximum Sustainable Capacity at 12 MMBD. CEO Olivier Le Peuch expresses confidence in significant growth in the Kingdom and global energy demand, emphasizing the strength and longevity of the cycle through 2024 and beyond.
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SLB (NYSE: SLB) announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions. Multidisciplinary experts collaborated to design and implement interconnected autonomous workflows, enabling the system to seamlessly drill the section. The platform combines apps, AI, physics-based science, and free-flowing data to accelerate and improve exploration, development, drilling, production, and new energy operations.
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SLB (NYSE: SLB) announced impressive fourth-quarter and full-year results for 2023, with fourth-quarter revenue of $8.99 billion, a 14% year-on-year increase, and full-year revenue of $33.14 billion, an 18% year-on-year increase. Fourth-quarter GAAP EPS of $0.77 decreased 1% sequentially, and full-year GAAP EPS of $2.91 increased 22% year on year. The company also reported a 10% increase in quarterly cash dividend to $0.275 per share and a full-year net income attributable to SLB of $4.20 billion, a 22% year-on-year increase.
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FAQ

What is the current stock price of Schlumberger (SLB)?

The current stock price of Schlumberger (SLB) is $39.21 as of April 3, 2025.

What is the market cap of Schlumberger (SLB)?

The market cap of Schlumberger (SLB) is approximately 59.9B.

What is Schlumberger's core business?

Schlumberger specializes in providing technology and services for reservoir characterization, drilling, and production enhancement in the oil and gas industry. The company offers an integrated suite of solutions that spans exploration to production.

How does SLB generate its revenue?

SLB generates revenue through the sale of advanced oilfield technologies, engineering services, and digital solutions. Its diverse portfolio includes drilling services, well construction, production optimization, and integrated pipeline solutions.

In which industries does Schlumberger primarily operate?

Schlumberger operates primarily within the oil and gas sector, providing services that support hydrocarbon recovery and reservoir management. Additionally, it is expanding its technological expertise in areas such as carbon capture and geothermal energy.

What distinguishes SLB from its competitors?

SLB is distinguished by its comprehensive range of services that integrate traditional engineering practices with digital innovations. Its global footprint, extensive expertise in complex projects, and strategic partnerships allow it to provide end-to-end solutions across the oilfield lifecycle.

How does SLB integrate digital solutions into its operations?

SLB integrates digital solutions by incorporating advanced data analytics, real-time monitoring, and predictive modeling into its operational framework. This digital integration enhances decision-making and improves the efficiency of drilling, production, and reservoir management.

What is SLB Capturi?

SLB Capturi is a joint venture focused on accelerating industrial decarbonization through modular and scalable carbon capture solutions. It leverages SLB's engineering expertise to integrate carbon capture technology into existing industrial operations.

What role does engineering expertise play at SLB?

Engineering expertise is central to SLB's service offering, driving innovation in reservoir performance, well construction, and production optimization. The company applies its extensive engineering knowledge to develop integrated solutions that enhance field efficiency and resource recovery.

How is SLB addressing challenges in modern energy production?

SLB addresses modern energy challenges by continuously innovating and diversifying its service offerings. By integrating digital technologies, engaging in collaborative projects like carbon capture and geothermal development, and leveraging its global experience, the company adapts to evolving industry needs.
Schlumberger

NYSE:SLB

SLB Rankings

SLB Stock Data

59.90B
1.36B
0.23%
89.16%
5.69%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States
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